About Century Textiles and Industries Ltd

About Century Textiles and Industries Ltd.

Century Textiles and Industries Limited was incorporated in 1897 as a Public Limited Company with its Registered Office at Mumbai. Till 1951, the Company operated only one cotton textile mill at Mumbai. Thereafter, the Company has made rapid progress in expanding and diversifying its activities. At present, it is a trendsetter in cotton textiles and also has a remarkable presence in the yarn, denim, viscose filament rayon yarn, tyrecords, caustic soda, sulphuric acid, salt, cement, and pulp and paper industries.

The Company's textile mill - popularly known as 'Century Mill' - was one of the largest composite mills in one compound in the whole of India. Due to technical limitations of machinery, high labour costs, octroi charges, municipal taxes, water charges and cost of electricity, the operations of the mill at Mumbai were not viable and accordingly its manufacturing operations ceased after implementing a voluntary retirement scheme for workers and staff in November-December 2006.

In view of the closure of Century Mill, and after necessary permission from the State Government was obtained, it was decided to develop the available mill land at Worli, Mumbai for commercial purposes. The existing old buildings have been demolished to the extent possible and construction of commercial buildings meant for leasing at Worli, Mumbai has commenced on part of the Land. Construction of one more office building behind Century Bhavan, Worli, Mumbai has also commenced.

The Company has set up a New Textile Mill, "Birla Century", a Greenfield project at Jhagadia, Dist. Bharuch in the State of Gujarat has begun operations in the year 2008-09 to manufacture, through State of Art highly sophisticated machineries, about 25 million metres of fabrics per annum at a capital expenditure of about Rs.855 crore (including Captive Thermal Power Plant of 30 MW of about Rs.106 crore.).

The Company is in the process of setting up a new 1.50 million tonnes cement grinding unit viz. Sonar Bangla Cement at Sagardighi, Dist. Murshidabad in the State of West Bengal at a capital expenditure of about Rs.425 crore which is expected to be operational by September, 2012. Cement manufacturing capacity at Manikgarh Cement is also being expanded by setting up a new cement plant of 2.80 million tonnes capacity at the existing site with 40 MW Captive Thermal Power Plant. The total outlay on this project is estimated to be about Rs.1600 crore and enhanced capacity should be fully on stream by March, 2013.

A Prime Grade Tissue Paper Plant at Lalkua Dist. Nainital, Uttarakhand at a capacity of 100 Tonnes per day for manufacturing of number of varieties of Tissue Paper has been commissioned during the year 2008-09. Further to cater to the growing Packaging Paper Board demand, Pulp & Paper Division has set up a 500 tonnes per day Multi-layer Packaging Board Plant adjacent to the existing Pulp & Paper Plant at Lalkua and also the Fibre Line (Pulp Plant) with a capacity of 1.62 lac tonnes per annum and production has commenced recently which will get stabilized in due course.